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In your business, do you strive to build capital to become debt free or do you borrow to the hilt?

WRITTEN BY STEVE MARR
WEDNESDAY, 6 NOVEMBER 2019

Moses instructed, "He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail" (Deuteronomy 28:44 NASB).

Many businesses borrow from necessity. But borrowing places the lender in charge of the borrower. Business leaders like to be in charge and make key decisions, but when money is borrowed, many of the decisions will come from the bank. Banks require much when granting loans, like balance sheet requirements or approving new spending initiatives. Consider the total cost of borrowing before taking on business debt.

In the Word

Moses instructed, "He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail" (Deuteronomy 28:44 NASB).

Workplace Resources

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